📢 Bitcoin fell to $61,400 after rising above $62,000. The price dropped due to significant on-chain activity in the German government's BTC holdings. According to Lookonchain, Germany sent 750 BTC, 250 to Bitstamp and Kraken, indicating that it was preparing to sell the tokens. This move increased the bear pressure in the market. Ether followed Bitcoin's lead, falling from $3,425 to $3,375. CD20 Index also declined. 📉

Alternative cryptocurrencies have experienced greater liquidity drain than Bitcoin and Ether. For example, the dollar value in active futures contracts tied to altcoins has fallen 34% to $12 billion since BTC rose above $70,000 on June 7.

The Cardano blockchain successfully fended off a DDoS attack aimed at stealing staked tokens on Tuesday. The attack was prevented without any disruption to the network's operations. Cardano's ADA token fell slightly to below 39 cents, in line with overall market sentiment.

The chart shows that the meme coin Doraemon (DORAE) experienced a boom-bust pattern early on Wednesday. After its market cap rose to $2 million, it fell to $200,000 within 30 minutes. Lookonchain stated that someone sold 2.5 million DORAE for 10,538 SOL, causing the price crash. 💥

When do you think this downward trend will end? We are waiting your comments! 👇